Derivative Instruments (Tables)

9 Months Ended

May 31, 2017

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

	Asset Derivatives					Liability Derivatives
		May 31, 2017		August 31, 2016			May 31, 2017		August 31, 2016
(In thousands)	Balance sheet location	Fair Value		Fair Value		Balance sheet location	Fair Value		Fair Value
Derivatives designated as hedging instruments
Foreign forward exchange contracts	Accounts receivable, net	$	2,810	$	1,570	Accounts payable and accrued liabilities	$	1,704	$	4,287
Interest rate swap contracts	Intangibles and other assets, net		—		—	Accounts payable and accrued liabilities		1,104		3,157
		$	2,810	$	1,570		$	2,808	$	7,444
Derivatives not designated as hedging instruments
Foreign forward exchange contracts	Accounts receivable, net	$	233	$	25	Accounts payable and accrued liabilities	$	331	$	22

Effect of Derivative Instruments on Statements of Income

The Effect of Derivative Instruments on the Statements of Income

Derivatives in cash flow hedging relationships	Location of gain (loss) recognized in income on derivatives	Gain (loss) recognized in income on derivatives nine months ended May 31,
		2017		2016
Foreign forward exchange contract	Interest and foreign exchange	$	2,494	$	(245	)
Interest rate swap contracts	Interest and foreign exchange		24		88
		$	2,518	$	(157	)

Derivatives in cash flow hedging relationships	Gain (loss) recognized in OCI on derivatives (effective portion) nine months ended May 31,					Location of gain (loss) reclassified from accumulated OCI into income		Gain (loss) reclassified from accumulated OCI into income (effective portion) nine months ended May 31,						Location of gain (loss) on derivative (ineffective portion and amount excluded from effectiveness testing)		Gain (loss) recognized on derivative (ineffective portion and amount excluded from effectiveness testing) nine months ended May 31,
	2017		2016					2017			2016					2017			2016
Foreign forward exchange contracts	$	1,888	$	(5,430	)		Revenue	$	(4,130	)	$	(835	)		Revenue	$	(3,216	)	$	2,572
Foreign forward exchange contracts		166		(919	)		Cost of revenue		(174	)		(412	)		Cost of revenue		205			88
Interest rate swap contracts		1,248		(2,274	)		Interest and foreign exchange		(871	)		(1,203	)		Interest and foreign exchange		—			—
	$	3,302	$	(8,623	)			$	(5,175	)	$	(2,450	)			$	(3,011	)	$	2,660